Silver Price in September 2007
In September 2007, silver rose 14.3%, from $12.06 at the end of August to $13.79 per troy ounce on September 28, 2007. The highest close was $13.79 on September 28, 2007, the lowest $12.19 on September 5, 2007, and the average over 19 trading days was $12.91. Today's price is 289.2% higher than the September 2007 close.
- Silver rose 14.3% in US dollars in September 2007, leaving it up 7.6% for the year to date.
- Measured in other currencies, the change ranged from +5.4% in AUD to +14.3% in PKR, because exchange rates moved too.
- It did better than gold (+10.4%) and US stocks (+3.7%).
- It closed higher on 13 trading days and lower on 6, with an average daily move of 1.03%.
- At the end of the month it was 7.1% below its highest close since 2000.
- Gold/silver ratio: 55.8 → 53.8.
Silver price chart, September 2007
US dollars per troy ounce · daily closeSilver in other currencies, September 2007
| Currency | Change in the month |
|---|---|
| PKR | +14.3% |
| CNY | +13.8% |
| JPY | +13.3% |
| MXN | +13.3% |
| GBP | +12.7% |
| INR | +11.5% |
| ZAR | +10.3% |
| EUR | +9.4% |
| CAD | +7.8% |
| TRY | +6.1% |
| AUD | +5.4% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes silver rise more in local terms.
Silver vs other assets, September 2007
| Asset | Change (USD) |
|---|---|
| Silver | +14.3% |
| Gold | +10.4% |
| S&P 500 (with dividends) | +3.7% |
| US inflation (CPI, month) | +0.28% |
| Silver, year to date (end of September) | +7.6% |
| Gold/silver ratio | 55.8 → 53.8 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Key Events in September 2007
- Friday, September 14Northern Rock receives Bank of England emergency support, triggering a run on the bank. SourceSilver: +0.2% that day
Daily Silver Prices, September 2007
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 999 India, ₹ per kg | UAE, AED per kg |
|---|---|---|---|---|---|
| Sep 4Tue | $12.28 | +1.81% | $0.39 | ₹16,076 | AED 1,449.83 |
| Sep 5Wed | $12.19 | −0.74% | $0.39 | ₹16,004 | AED 1,439.04 |
| Sep 6Thu | $12.37 | +1.44% | $0.40 | ₹16,130 | AED 1,459.82 |
| Sep 7Fri | $12.59 | +1.84% | $0.40 | ₹16,331 | AED 1,486.26 |
| Sep 10Mon | $12.53 | −0.48% | $0.40 | ₹16,254 | AED 1,479.17 |
| Sep 11Tue | $12.67 | +1.08% | $0.41 | ₹16,434 | AED 1,494.82 |
| Sep 12Wed | $12.63 | −0.33% | $0.41 | ₹16,347 | AED 1,490.48 |
| Sep 13Thu | $12.51 | −0.88% | $0.40 | ₹16,237 | AED 1,477.29 |
| Sep 14Fri | $12.54 | +0.24% | $0.40 | ₹16,247 | AED 1,480.79 |
| Sep 17Mon | $12.74 | +1.55% | $0.41 | ₹16,537 | AED 1,503.89 |
| Sep 18Tue | $12.77 | +0.22% | $0.41 | ₹16,508 | AED 1,507.12 |
| Sep 19Wed | $12.96 | +1.48% | $0.42 | ₹16,676 | AED 1,529.30 |
| Sep 20Thu | $13.32 | +2.82% | $0.43 | ₹16,966 | AED 1,571.49 |
| Sep 21Fri | $13.47 | +1.15% | $0.43 | ₹17,228 | AED 1,589.54 |
| Sep 24Mon | $13.50 | +0.17% | $0.43 | ₹17,111 | AED 1,591.69 |
| Sep 25Tue | $13.48 | −0.11% | $0.43 | ₹17,191 | AED 1,590.87 |
| Sep 26Wed | $13.42 | −0.49% | $0.43 | ₹17,095 | AED 1,583.47 |
| Sep 27Thu | $13.52 | +0.75% | $0.43 | ₹17,232 | AED 1,595.22 |
| Sep 28Fri | $13.79 | +2.05% | $0.44 | ₹17,551 | AED 1,627.73 |
How September usually goes for silver
In the 20 years from 2006 to 2025, silver rose in September 9 times out of 20, with an average move of −1.7% and a median of −2.7%.
Silver in September 2007: FAQ
What was the price of silver in September 2007?
Silver traded between $12.19 and $13.79 per troy ounce (daily closes) in September 2007, averaging $12.91. It closed the month at $13.79.
How much did silver go up in September 2007?
Silver rose 14.3%, from $12.06 to $13.79. The biggest daily rise was +2.8% on September 20, 2007 and the biggest fall −0.9% on September 13, 2007.
What was the silver price on September 4, 2007?
Silver closed at $12.28 per troy ounce on September 4, 2007, the first trading day of the month. 999 India, ₹ per kg: ₹16,076.
Is September usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in September 9 times out of 20, with an average move of −1.7% and a median of −2.7%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in September 2007?
Silver rose 11.5% in Indian rupee terms in September 2007, compared with +14.3% in US dollars.
Did silver beat stocks in September 2007?
Yes. Silver was +14.3% for the month, against +3.7% for the S&P 500 with dividends.
Did silver keep up with inflation in September 2007?
US consumer prices (CPI) changed +0.28% in September, so silver's real (inflation-adjusted) change was about +14.0%.